We believe that payment acceptance should be simple, frictionless and effortless for merchants anywhere in the world.
Our mission is to provide the most agile global payment infrastructure in the world.
8 master license agreements signed across APAC jurisdictions that changes an industry. 6 key partner relationships across technology and distribution. 20 QR payment methods available for integration. B BaaS (Banking as a Service) providers engaged. 1 key hardware partner for an SCRP device.
$167 billion as a total addressable market (domestic and card revenue). $84 billion as a total serviceable market in Asia. $5 billion as an obtainable market
Problem or Opportunity
Problems for merchants - Due to onerous onboarding it takes way too much time to get set-up and accept payments - Slow transaction speeds and settlements - Due to a lack of transparency merchants get charged hidden fees - Ineffective communication, service and outdated products
Solution (product or service)
WELCOME TO FIN-PAY! -The world’s first DPO Fin-pay is a Digital Payment Organization (DPO) that: - Offers a quick, simple and entirely new onboarding experience - Is transparent with no hidden fees - Requires no new physical hardware - Securely transacts globally in any currency - Transacts in the shortest possible time
There’s a number of incumbent competitors with a high market share in the SMB/Micro-SME** space as well as Financial Institutions (Banks), who are ready for disintermediation by collaborating with a number of emerging competitors, who offer innovative products for merchants.
Advantages or differentiators
Get set-up quickly and accept payments immediately Give them the service and clear communication they deserve Get clear on the actual fees and charges Remove the need for new physical hardware or legacy devices Accept multiple payment methods and currencies
MSR (merchant service revenue) - we take a small percentage of each transaction processed via our app. PSW (professional services revenue) - we charge for customisation or integration with banking or existing platforms such as POS or banking back end infrastructure. MRR (monthly recurring revenue) - we charge a small SaaS fee per app in the market if used by a bank or financial institution.
Money will be spent on
Expanding user base Open in new expanding digital payment markets Expand the engineering team Increasing revenue